Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Thor Industries from a hold rating to a buy rating and set a $76.00 target price on the stock in a report on Thursday, June 9th. SunTrust Banks Inc. raised shares of Thor Industries from a neutral rating to a buy rating and boosted their target price for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Northcoast Research raised shares of Thor Industries from a neutral rating to a buy rating and set a $95.00 target price on the stock in a report on Tuesday, September 13th. Wunderlich boosted their target price on shares of Thor Industries from $70.00 to $80.00 and gave the stock a buy rating in a report on Tuesday, June 7th. Finally, Great Lakes Dredge & Dock Corp. raised shares of Thor Industries to a buy rating in a report on Wednesday, September 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Thor Industries currently has an average rating of Buy and an average target price of $77.29.
Shares of Thor Industries (NYSE:THO) opened at 85.85 on Wednesday. Thor Industries has a 12 month low of $47.56 and a 12 month high of $87.08. The firm’s 50-day moving average is $80.93 and its 200 day moving average is $70.39. The stock has a market cap of $4.51 billion, a PE ratio of 17.59 and a beta of 1.26.
Thor Industries (NYSE:THO) last released its earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The firm had revenue of $1.29 billion for the quarter. During the same period last year, the firm posted $1.31 EPS. Thor Industries’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities analysts predict that Thor Industries will post $5.89 EPS for the current year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of THO. Mason Street Advisors LLC purchased a new position in Thor Industries during the second quarter worth $1,348,000. Beacon Trust Co. purchased a new position in Thor Industries during the second quarter worth $2,267,000. Royal Bank of Canada boosted its position in Thor Industries by 53.8% in the second quarter. Royal Bank of Canada now owns 94,609 shares of the company’s stock worth $6,125,000 after buying an additional 33,088 shares during the period. Public Employees Retirement System of Ohio boosted its position in Thor Industries by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 52,798 shares of the company’s stock worth $3,418,000 after buying an additional 145 shares during the period. Finally, Sterling Capital Management LLC boosted its position in Thor Industries by 2.7% in the second quarter. Sterling Capital Management LLC now owns 353,091 shares of the company’s stock worth $22,859,000 after buying an additional 9,214 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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